Fortis Inc. (TSX:FTS) and Emera Inc. (TSX:EMA) are two of North America's largest electric and gas utilities companies, and both of their stocks represent very attractive long-term investment opportunities today.
Fortis Inc. (TSX:FTS) is one of Canada's most popular dividend stocks, and for good reason. The utility giant has increased its dividend every year for the last 42 years, which is the longest streak of any publicly traded company in the country.
In the past, this wasn't as much of a concern because most people had full-time jobs that offered decent pension plans. When combined with the CPP and OAS payments, retirees could get by without having to rely on other savings.